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Course Description

Calculating the inventory holding and shipping costs at individual supply chain locations can help you make informed decisions about managing inventory most efficiently. Beyond providing valuable insights about a specific location, calculating cost performance at a single supply chain location is also the first step in assessing the supply chain as a whole. Because a supply chain is a network of interconnected locations, evaluating overall supply chain demand and performance is another critical component of efficient inventory management. In this lesson, you will evaluate total supply chain performance by aggregating cost and demand across multiple locations. Once you have practiced aggregating demand across locations, you will walk through a practice example for calculating total supply chain costs in Excel. For the best result, complete "Optimizing Inventory Management: Determine the Optimal Inventory Level for Replenishment" and "Optimizing Inventory Management: Assess the Cost Performance of a Single Supply Chain Location" prior to taking this lesson.

Benefits to the Learner

  • Assess the cost performance of a supply chain across multiple locations
  • Calculate the total supply chain costs to maximize supply chain efficiency
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Type
self-paced (non-instructor led)
Dates
Sep 28, 2023 to Dec 31, 2030
Total Number of Hours
1.0
Course Fee(s)
Regular Price $0.00
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